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Creating a Plan

(Without one you can die!)

The best way to fail at a business is not having a plan; the best way to wander through your career and get stuck in a rut is by not having a plan; and--you guessed it--the best way to get lost on a mountain is not having a plan.
 
There are tools that help us stay on-track in life. On the trail it is a compass, a map, and possibly even a GPS that, used in tandem, will generally keep you on course. For example, you can be in the woods with only a map and still get lost, but add in a compass and you'll probably find your way. Because the magnetized compass needle always indicates magnetic north, you'll consistently know how to find this direction even if you go in circles. So using a compass in conjunction with your map keeps you adapting to stay on the right track.
 
Your business and career plan, if you use it, accomplishes the same purpose. First, you step back from the day to day environment to create the plan of what you want to accomplish and how you'll do it. On a regular basis - at least monthly - you measure your actions against the detailed steps you of your plan. If you are straying off course, you step back again to review your plan, realign your focus, and redirect your steps.
 
How does this relate to business? Without a plan, you risk going off track. Are you heading into new sales situations, new markets, and new projects without doing your homework?  Are you resting on the knowledge you gained last year or five years ago on how to sell? Did your education process stop the day you graduated from high school or college? Are you finding the new employee that was just hired is getting the better projects, the better office, and the better promotions?
 
The process of learning, growing your skills, and adapting to new environments are critical tools to stay on track and reach your goals, whatever they are. 
 
One of my clients sells cars. This process is dramatically different today than it was even five years ago. Fifteen years ago, everyone cared about what was “under the hood.” What was the engine like; how did it run? What was the torque? (I learned from my advertising client that people used to care about torque. Yes, I had to look it up – so you can, too, if you're interested.) Today, anyone selling cars better know how to use a smart phone. They better know how to connect it to the car. They better be able to look up the competitor information on that phone and discuss it out on the lot. To close the deal, they better be able to talk accurately to the customer who has done the research and possibly knows more than them about the car.
 
When hiring a new sales person, the car dealership cares more about whether that person can understand and discuss the car's technology versus knowing how the engine runs. If you are an auto sales person who's selling the same way you did ten years ago, there is a good chance that your job might be in jeopardy. And it's not about age. My client has an 82-year-old sales person that is very successful. He owns a smartphone and knows how to use it. He created a plan and has learned how to adapt. Have YOU?

Sales Let the Force Be With You

Marketing without sales is a waste of time and money.  Yet, as a business coach, that is what I see continually in businesses I meet.  The marketing team (even if it is a team of 1) does the marketing activities: advertising, networking, strategic alliances etc.   Yet, when the phone rings does the sales team know how to close the sale?  Statistic indicate that almost 70% of sales are not closed due to the sales person never asking for the sale.  If you don’t ask for the sale, you probably won’t get it.  The sales team needs training.  I have joked that the sales team needs WEEKLY training, only to have sales people agree with me.  It isn’t a joke, train your sales team, train them well and train them often!

Who is your sales team?  My answer – every employee in the company?  Who needs sales training – every employee.  Who is the core sales team?  The team of people who regularly talk, meet with customers and prospects.  That includes receptionists, customer service, Presidents, management etc.  All it takes is one word to make the difference in a sale.

What do you train the sales team on?

  1. Conversion rate – The phone rings – a prospect – everyone is excited (or at least they should be).  How do you talk to them?  What questions do you ask PRIOR to your answering their question?  As prospects very few of us really know what we want to purchase.  We just think we know.  If you don’t help to educate us – we will then buy on price.
  2. Products – You know your products (or do you).  How do you describe them?  Do you create emotion as you share the value of your product to me?  Do you know how to create emotion for your product?  Does everyone really understand the value of the product?  For 98% of companies I believe the answers to the above questions are no.  Changing those answers will make a difference.
  3. Customer – Do you know what the customer wants?  Not what YOU think they want, but what they truly want?
  4. Competition – Who are your competitors and how are you different?  Why should they buy from you and not them?  If you are more expensive then why, if you are less expensive – then why.  Know your competition – they probably know you.

2X or 10X growth—which do you want?

Category:Business Coaching Business Management Business Systems Executive Coaching Family Business Profitability Sales Success In Business 
Posted by: admin

Entrepreneurs and setting goals is a popular topic. Dan Sullivan had a perspective worth sharing in the May issue of Success Magazine. The concept is rather than trying to double or 2 times where you are– go for 10 times where you are. “WHAT?” I hear you all scream. “It is hard enough to achieve 2 times where I am, how on earth can I even consider a 10 X goal?” That is exactly the point.

A 2 X goal is really just pushing what you are already planning into the future (assuming you are planning). The ability to achieve the 2 X goal is a probable anyway. There really isn’t rocket science, you know the basics—hard work and you will achieve the 2X goal.

Now for the 10 X goal that starts pushing you out of your comfort zone. I can already feel the squirming. A 10X goal forces you to look at what is really going on in your business. It forces you to look at inefficiencies. It challenges you to think out of the box, to put systems in place to handle 10X, to understand your business, structure your business, and PLAN. You must now think differently, observe differently, plan differently and execute differently. Once you start thinking 10X you will notice opportunities, changes, and perspectives. Then you can start making the changes that are required.

Here are my perspectives and 4 ¾ downsides to this type of thinking:

1. Shooting for 10 X – you might not make it, you might only reach 5X.

2. 10 X thinking creates perspectives on your business and forces planning.

3. You don’t know how to think 10X? What better way to start looking at everything from a different perspective? Read, ask, get advice, reach out to others, be humble. Even if 10X is achieved, I guarantee your 3, 4 and 5X will be more profitable.

4. For 10X I need to look outside the box, and that creates FEAR. False Expectations Appearing Real – so what are your real fears? Figure them out, since they will probably keep you from achieving 2 X. There is no better time than the present.

4 ¾ Reality is I don’t see any downside to 10X type of thinking. The danger really lies in 2X thinking. Thinking too small limits your potential, who you can be, and can lead to my favorite quote: “Hell on earth is seeing the person I could have been!”

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Janna Hoiberg
Telephone : 719-330-7195

Colorado Springs, CO 80920 
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